Nov. 10, 2006 - Ahlstrom today said it expects to move its Mount Holly Springs, Pennsylvania liquid filtration converting business to another Ahlstrom facility in Bishopville, South Carolina in February 2007.

Negotiations with the local trade union have been finalized and guidelines have been set for the severance of about 60 employees, the company said.

The transfer does not affect paper production, R&D, customer service and administrative functions that will remain in Mt. Holly Springs, Ahlstrom added.

Ahlstrom estimates to book a non-recurring cost of approximately EUR 1 million in its Q4 result for 2006 as a result of the move.

SOURCE: Ahlstrom

See related story:
- Ahlstrom to Relocate Mt. Holly Springs Converting Business (10/11)